ENTREPRENEURSHIP

Detailed explanation-1: -A free enterprise system is an economic system where a government places very few restrictions on the types of business activities or ownership in which citizens participate. This type of system is often referred to by others as a free market, or capitalism.

Detailed explanation-2: -Free enterprise may also be referred to as free trade or free market.

Detailed explanation-3: -Free enterprise, or the free market, is an economic system where private individuals can form companies and buy and sell competitively in the market with a minimum of government interference.

Detailed explanation-4: -Market Economy or Free Enterprise Economy. The word “free enterprise” or “free market” refers to an economy in which the market, rather than the government, determines prices, products, and services.

Detailed explanation-5: -liberalism. capitalism. free competition. free economy.